Benyamin Buller, a director at Velo3D, Inc. (NYSE:VLD), has recently sold shares of the company's common stock, according to the latest filings with the Securities and Exchange Commission. The transactions, which occurred on March 15 and March 18, involved the sale of a total of 4,000 shares, with the total value exceeding $1,700.
The sales took place under a pre-arranged trading plan that Buller adopted on August 15, 2023. The prices per share for these transactions ranged from $0.4168 to $0.4451. On March 15, Buller sold 2,000 shares at a weighted average price of $0.4168, with individual sale prices varying from $0.3705 to $0.4651. On March 18, another batch of 2,000 shares was sold at a weighted average price of $0.4451, with sale prices between $0.4142 and $0.4738.
Following these transactions, Buller's ownership in Velo3D stands at 5,036,706 shares. These sales were executed in accordance with SEC Rule 10b5-1, which allows company insiders to set up a trading plan for selling stocks they own.
Investors often monitor insider buying and selling activities as they can provide insights into an insider's view of the company's future performance. However, such transactions do not always indicate a change in company outlook, as they may be executed for various personal financial reasons.
Velo3D, based in California, is known for its innovative 3D metal printing technology, which caters to various industries including aerospace, energy, and healthcare. The company's commitment to advancing 3D printing capabilities has positioned it as a notable player in the specialized industrial machinery sector.
InvestingPro Insights
In the wake of recent insider sales at Velo3D, Inc. (NYSE:VLD), investors seeking a deeper understanding of the company's financial health might consider some key metrics and insights from InvestingPro. Notably, Velo3D's market capitalization stands at 111.69 million USD, reflecting its current valuation in the market. Despite challenges, the company has demonstrated a remarkable revenue growth of 71.92% over the last twelve months as of Q3 2023, indicating a strong demand for its innovative 3D metal printing technology.
One of the notable InvestingPro Tips for Velo3D highlights the company's strong liquidity position, as it currently holds more cash than debt on its balance sheet. This could provide the company with a buffer to navigate through financial uncertainties and invest in growth opportunities. Additionally, analysts are anticipating sales growth in the current year, suggesting a positive outlook on the company's revenue trajectory.
However, it's important to note that the stock has experienced significant price volatility, which is a critical factor for investors to consider. The high price volatility, as indicated by a strong return over the last week of 34.66% and a significant drop over the last six months of -69.7%, may attract investors with a higher risk tolerance. Furthermore, the company's P/E Ratio (Adjusted) as of the last twelve months ending Q3 2023 stands at -1.38, underscoring the company's current lack of profitability.
For those interested in a comprehensive analysis of Velo3D, there are an additional 18 InvestingPro Tips available, which could provide further insights into the company's financial performance and stock behavior. To explore these tips and make informed investment decisions, you can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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